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for us. as we transfer this treasure, this island, from the navy back to the city, i hope that all of us will remember the service and sacrifice of every sailor, every marine, living and dead. [applause] and the people who left from here and the people who serve today, risking everything, so that we can celebrate today. that legacy lives on in the young men and women who wear the cloth of this country and who are deployed around the world as we meet here today. when the famous or infamous bates 3 aligning closure process started in 1988, a final result of any individual base closure and transfer could not have hoped for a better ultimate outcome than what has been achieved in treasure island. the navy's charge is to dispose of property in a manner that promotes economic development. that has been done. the transfer of treasure island is a win for san francisco. it is a win for the state of california, a win for the united states navy, and a win for the american taxpayers who paid for this base and all the infrastructure that was here. because of this transfer, the american taxpayer gets
staffer, now my staffer, who worked so diligently through two administrations to get us through this day. i thank you. to the development team. to the residents of this island that have been patient beyond imagination. with the hope and expectation we would get to this point. to all those that are looking forward to the ground breaking to be hosted some time next year. it is pretty remarkable -- this is a small city, and about 10% of our land happens to be on three principal areas. all three of them former naval bases. out there in hunters point. the army out on presidio, and here on treasure island. 25-plus-hundred acres in the '70s -- the 1970's, 1980's, 1990's. since then, we have been talking about revitalization. we have been talking about reconstituting these pieces of property. just two weeks ago i had the pleasure and privilege of signing 12 pieces of legislation, marking over the course of over two decades over the course of hunters point. creating a framework on an economic development framework for 10,500 new housing units, 32% of them below market. hundreds of thousa
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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